Cosmeceuticals are cosmetic products that have a medicinal or drug-like benefit. Cosmeceutical products are marketed as cosmetics, but reputedly contain biologically active ingredients. The term ‘Cosmeceutical’ applied to antiwrinkle and antiaging creams, was first adopted by the cosmetic industry in 1984. The term cosmeceutical combines the words “cosmetic” and “pharmaceutical” together implying that any product labeled as such can actually change the appearance of the user’s skin, for instance decrease wrinkles or fade sun spots. But there is no actual medication in a cosmeceutical product because if there was, the product would be labeled a drug and regulated by the FDA. In essence, a cosmeceutical is a blend of a beauty product and one or more active ingredients like peptides, antioxidants or growth factors. As such cosmeceuticals come under the same category as other cosmetic products on the market and hence marketing companies can make claims about their products and yet not offer a proof to those claims. As the aging population is eager to find noninvasive alternatives to antiaging procedures, the use of cosmeceuticals and their research and marketing continues. Well-designed, randomized, placebo-controlled studies are necessary. As dermatologists, we should understand the cosmeceuticals as it is our patients who use these products.